Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jun / 14
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- Dogecoin (DOGE) Praised by Short-Selling Agency Citron Research, Here's Important Reason
- Jun 13, 2024 at 11:49 pm U_Today
- Citron Research, a notable short-selling agency, has shifted its stance on Dogecoin (DOGE), praising its value while abandoning its short position on GameStop (GME). This move reflects Citron's acknowledgment of market irrationality, as exemplified by Dogecoin's substantial market cap and GameStop's large financial resources. Despite this, Citron's founder expressed the possibility of re-shorting GME if its share price declined significantly. Additionally, analysts have proposed that GameStop invest in Bitcoin, potentially boosting the value of both assets.
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